Friday, October 31, 2014
Thursday, October 30, 2014
Greenspan: Price of Gold Will Rise
These are indeed stunning admissions from former Fed Chairman Alan Greenspan.
http://www.merkinvestments.com/insights/2014/2014-10-29.php?utm_source=2014-10-29+Merk+Insight&utm_campaign=2014-10-29-Insights&utm_medium=email
http://www.merkinvestments.com/insights/2014/2014-10-29.php?utm_source=2014-10-29+Merk+Insight&utm_campaign=2014-10-29-Insights&utm_medium=email
Wednesday, October 29, 2014
Challenging the reserve currency status of the petrodollar appears to be a dangerous business these days.
http://www.caseyresearch.com/articles/proof/total-war-over-the-petrodollar
http://www.caseyresearch.com/articles/proof/total-war-over-the-petrodollar
Tuesday, October 28, 2014
Monday, October 27, 2014
Thursday, October 23, 2014
George Soros Slams Putin, Warns Of "Existential Threat" From Russia, Demands $20 Billion From IMF In "Russia War Effort"
It's probably not a good idea to bet against Soros, but it's prudent to understand his motives have traditionally been ulterior.
http://www.zerohedge.com/news/2014-10-23/george-soros-slams-putin-warns-existential-threat-russia
http://www.zerohedge.com/news/2014-10-23/george-soros-slams-putin-warns-existential-threat-russia
The Fed “IS” the Problem!
The link enclosed is a very good article on the Fed's casino behavior. As a point of reference, Lehman Brothers' leverage ratio was 30:1 prior to its collapse in 2008. The Fed's leverage ratio is currently 80:1. The Fed has now become the world's most leveraged hedge fund, completely antithetical to its official mandates.
The rationale for the existence of central banks is price stability and protection of the soundness of its issuing sovereign currency. The Fed added an official mandate of "full employment" (whatever that metric is). The latest unwritten mandate is to artificially levitate financial markets to prevent the insolvent banking system from imploding.
But the Fed has backed itself into a corner, because its monetary stimulus has failed to revive an economy on life support. QE is pushing on a string, with limited results--and worse, with increasingly negative consequences as the western economies are in the throes of a debt trap. More debt begets more debt, which dampens economic growth. All QE has done is add more toxic liabilities on to the Fed's balance sheet.
Households suffocating from huge debts don't take on more debt; they cut spending while lenders stop lending to them. Yet, the US government continues on its spending and borrowing binge. The Fed has reached its monetary cul-de-sac, and it's only a matter of time before the bond vigilantes attack all fiat currencies issued by over-indebted (or insolvent) governments. The dollar, while being the cleanest shirt in the dirty laundry bin, won't be the only target.
Google how George Soros single-handedly destroyed the British pound sterling in 1992, as he shorted the currency on a bet the UK would devalue the pound, due to high inflation, high deficits, and relatively low interest rates.
http://blog.milesfranklin.com/the-fed-is-the-problem
The rationale for the existence of central banks is price stability and protection of the soundness of its issuing sovereign currency. The Fed added an official mandate of "full employment" (whatever that metric is). The latest unwritten mandate is to artificially levitate financial markets to prevent the insolvent banking system from imploding.
But the Fed has backed itself into a corner, because its monetary stimulus has failed to revive an economy on life support. QE is pushing on a string, with limited results--and worse, with increasingly negative consequences as the western economies are in the throes of a debt trap. More debt begets more debt, which dampens economic growth. All QE has done is add more toxic liabilities on to the Fed's balance sheet.
Households suffocating from huge debts don't take on more debt; they cut spending while lenders stop lending to them. Yet, the US government continues on its spending and borrowing binge. The Fed has reached its monetary cul-de-sac, and it's only a matter of time before the bond vigilantes attack all fiat currencies issued by over-indebted (or insolvent) governments. The dollar, while being the cleanest shirt in the dirty laundry bin, won't be the only target.
Google how George Soros single-handedly destroyed the British pound sterling in 1992, as he shorted the currency on a bet the UK would devalue the pound, due to high inflation, high deficits, and relatively low interest rates.
http://blog.milesfranklin.com/the-fed-is-the-problem
Wednesday, October 22, 2014
Tuesday, October 21, 2014
Forex-Rigging Fines Could Hit $41 Billion Globally: Citi
Trillions of dollars are traded daily in foreign currency exchange, equities, bond, and commodities markets. Banks are paying up to $41 billion in fines for rigging markets (without having to admit guilt, of course).
Yet, when the clear-eyed insist that precious metals markets are manipulated, which represent less than 1% of investable assets, we're dismissed as crackpots?
Think about that for a second. If one has enough money to buy a state gubernatorial election, doesn't it make sense that it takes much less money to rig a high school prom coronation?
http://www.bloomberg.com/news/2014-10-20/forex-rigging-fines-could-hit-41-billion-globally-citi.html
Yet, when the clear-eyed insist that precious metals markets are manipulated, which represent less than 1% of investable assets, we're dismissed as crackpots?
Think about that for a second. If one has enough money to buy a state gubernatorial election, doesn't it make sense that it takes much less money to rig a high school prom coronation?
http://www.bloomberg.com/news/2014-10-20/forex-rigging-fines-could-hit-41-billion-globally-citi.html
Monday, October 20, 2014
"Anti-Petrodollar" CEO Of French Energy Giant Total Dies In Freak Plane Crash In Moscow
It appears expressing anti-dollar sentiment is a dangerous business these days. See Hussein, Gaddaffi, Putin, and now de Margerie.
http://www.zerohedge.com/news/2014-10-20/anti-petrodollar-ceo-french-energy-giant-total-dies-freak-plane-crash-moscow
http://www.zerohedge.com/news/2014-10-20/anti-petrodollar-ceo-french-energy-giant-total-dies-freak-plane-crash-moscow
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